ACC: US chemical investment linked to shale gas reaches $100 billion

12:32 PM MST | February 21, 2014 | Lindsay Frost

The American Chemistry Council (ACC) announced today that announced US chemical industry investment linked to shale gas now tops $100 billion. As of this month, 148 projects valued at $100.2 billion have been announced, ACC says. These projects, including new factories, expansions and process changes to increase capacity, could potentially lead to $81 billion/year in new chemical industry output and 637,000 permanent new jobs by 2023, ACC says. Over half of the investment is by firms headquartered outside of the United States. “This is a historic milestone...